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Suppose that wheat producers are able to get the government to set a price floor set at P F . What is the change in
Suppose that wheat producers are able to get the government to set a price floor set at What is the change in the total surplus at the price floor, compared to at the equilibrim price?
There was a gain in total surplus equal to area
There was a gain in total surplus equal to area
There was a loss in total surplus equal to area
There was a loss in total surplus equal to area
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